Business travel includes foreign trips for international travel sponsored by Indian firms, companies, or organizations, participation in international conferences or seminars related to scientific, technical, or educational fields, and specialized training or study tours sponsored by institutions or undertaken by professionals like doctors.

Yes, a resident Indian can hold foreign exchange saved from his/her previous trip and use it for subsequent travel. According to the Reserve Bank of India, individuals can hold foreign currency notes or traveler's cheques up to USD 2,000 or equivalent indefinitely for future use. If they possess more foreign exchange beyond this limit, they are required to deposit the unused forex within 180 days after returning to India.

Dance troupes, artistes, etc., who wish to undertake cultural tours abroad, should obtain prior approval from the Ministry of Human Resources Development (Department of Education and Culture), Government of India, New Delhi.

Orders on forexvala.com require an advance deposit of 2% of the total order value to freeze the rate for 3 working days. On the last step of order placement, you will be required to make this payment through our secured payment gateway using credit/debit cards or net banking.

As stipulated by the Government of India, any conversion from one currency to another - sale, encashment & remittance will be charged a GST/SGST on the gross amount of currency exchanged as per the following slabs: - 0.18% of the gross amount of currency exchanged for an amount up to Rs 100,000, subject to the minimum amount of Rs 45 - Rs 180 and 0.09% of the gross amount of currency exchanged for an amount of rupees exceeding Rs 100,000 and up to Rs 10,00,000 - Rs 990 and 0.018 % of the gross amount of currency exchanged for an amount of rupees exceeding Rs 10,00,000, subject to a maximum of Rs.10,800/-

Rates of certain products such as currency notes are heavily dependent on demand and supply in the local market. Other products such as forex cards, wire transfers, and demand drafts do not have a physical footprint and therefore they are not dependent on demand and supply in the local market. The demand for foreign currency in India generally exceeds the supply and as a result, foreign currency notes are often available at much worse rates than alternatives such as forex cards. At times these products are not available at all. Apart from this, the rates of different products vary since our channel partners provide us with different rates for different products.